Developer spends big on sites ahead of €300m flotation

Cairn Homes plans to build up to 2,000 homes a year in the greater Dublin area

Cairn Homes has snapped up five residential development sites with a combined value of €60 million ahead of the housebuilder’s €300 million stock market flotation later this month.

The company, led by Michael Stanley, the former chief executive of Shannon Homes, is now actively pursuing a number of other site deals in the greater Dublin area as ...